JamieStevens

Continuation of Double Top Structure - Flag Pattern

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
After a Sell-off of GBPCAD back end of last week, we see USDCAD catching up the pace with the break of the Double Top structure on the daily time frame. On the 1hr time frame we have a flag pattern formation forming, after a strong bearish candle through daily support, followed a slow corrective retracement, with rejection of daily resistance (was support) .Break of pattern trendline for continued sell to the next level of daily support. Break of daily resistance in buy direction = stop/no sell
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